The following account appears in the ledger prior to recognizing the jobs completed in August:

	Work in Process
Balance, August 1	$ 59,050
Direct materials	335,000
Direct labor	494,700
Factory overhead	226,200

Jobs finished during August are summarized as follows:

Job 210	$178,300
Job 216	232,250
Job 224	149,500
Job 230	328,250

Required:

a. Journalize the entry on Aug. 31 to record the jobs completed. Refer to the Chart of Accounts for exact wording of account titles.

b. Determine the cost of the unfinished jobs at August 31.

CHART OF ACCOUNTS

General Ledger

	ASSETS
110	Cash
121	Accounts Receivable
125	Notes Receivable
126	Interest Receivable
131	Materials
132	Work in Process
133	Factory Overhead
134	Finished Goods
141	Supplies
142	Prepaid Insurance
143	Prepaid Expenses
181	Land
191	Factory
192	Accumulated Depreciation-Factory

	LIABILITIES
210	Accounts Payable
221	Utilities Payable
231	Notes Payable
236	Interest Payable
241	Lease Payable
251	Wages Payable
252	Consultant Fees Payable

	EQUITY
311	Common Stock
340	Retained Earnings
351	Dividends
390	Income Summary

	REVENUE
410	Sales
610	Interest Revenue